EU ETS: Repairs underway

9:53 AM MDT | March 20, 2014 | Michael Ravenscroft

The number of carbon dioxide emission permits to be auctioned within the European Union’s emissions trading scheme (EU ETS) will be reduced by 400 million during 2014. Germany’s platform on the European Energy Exchange will carry out its auction with a reduced number of permits this week, the German environment ministry says. The number of German emission permits available for this year is now about 127 million, compared with the originally planned total of 205 million. “It is an important signal for the markets, that the repair of [the]...